Page 1542 - Economy & Policy News

FinMin releases Rs 12,351 cr to 18 states for rural local bodies grant

The Finance Ministry said it has released Rs 12,351 crore to 18 states for providing grants to the rural local bodies

China says Indian ban on apps violates WTO fair rules of business

India has retained a ban on 59 Chinese apps

Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

Bonds in India head for losses on PM Modi's near-record borrowing plan

The relentless supply of sovereign debt has been the biggest hurdle for Indian bonds this fiscal year, as pandemic relief efforts took precedence

Will Budget 2021 slow down the digital tsunami?

The govt has been responsive to the needs and asks of industry and keenly focused on Ease of Doing Business. We hope that answers to some of the ambiguities find their way into the upcoming budget

Ports, roads, steel: 5 companies step up investments as economy recovers

India is focusing on improving its infra as the economy recovers after the coronavirus pandemic. A look at at what Tata Group, L&T, Adani Ports, Ultratech Cement, and JSW Steel plan to do

450 infrastructure projects show cost overruns of Rs 4.28 trillion: Report

Of the 1,687 such projects, 450 reported cost overruns and 558 were delayed

Govt mulls revenue dept restructuring; CBIC, CBDT to focus on collection

People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB)

IMF revises India growth forecast, sees GDP shrinking at sharper 8% in FY21

Expects economy to grow 11.5% next year, which could slightly correct govt's fiscal mathematics

Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc

Local sourcing of components and state monitoring keep firms away from production-linked incentives

India's GDP to contract 8% in fiscal year 2021, says FICCI Survey

India's gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according FICCI

Overseas investment by Indian companies dips 42% to $1.45 bn in Dec: RBI

In November 2020, the total outward foreign direct investment (OFDI) was of $1.06 billion, down by 27 per cent from a month ago period

Gujarat HC serves notice on Centre over interest on delayed payments

Earlier, the GST Council had decided that interest up to 18 per cent would be levied only on delayed payment through cash ledger and not via input tax credit

Receipt of exports from third party must be declared upfront: Expert

We exported certain goods last year and received full payment. The buyer rejected a part of the consignment

Indian Railways drops extra charges for large goods moving through DFCs

This is a significant shift because the restrictive goods consignment dimensions are cited as one of the reasons for the falling utility of rail freight

RBI's NBFC paper silent on liquidity management, says India Ratings

The paper has not said whether the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) will be applicable to upper layers of NBFCs

Govt plans incentive for starting production early from auctioned mines

The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on the same.

Govt considers easing rules to attract FDI in construction sector: Report

Existing rules include a three year lock-in period before exiting

Budget Byte: Banks' non-performing assets likely to bulge in 2021

This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1

Singapore hopes to facilitate deeper partnership between ASEAN, India

Singapore hopes to facilitate a deeper partnership between the ASEAN and India that would be to everyone's benefit as deeper integration with the region would enable greater access to opportunities